Recovery Curves and the jaws of the Hippo

As more and more parts of the economy are starting to get going, there is a lot of talk about recovery and the shape of the recovery curve. 


Recovery of the economy

There is an alphabet of recovery curves doing the rounds at the moment. 


The initial thinking was that it was going to be a V shaped curve. 


However as the lockdown has been longer than initially anticipated, the U and Nike swoosh shapes are more likely. 


The good news is that the pundits say that the L-shaped curve is unlikely.


Rand dollar